Transformational CPG Acquisition registered with the SEC to offer 30 million units at $10 each. A unit will consist of ne share of Class A common stock and one-third of one redeemable warrant; whole warrants exercisable at $11.50 for a share.
The new SPAC said in the filing it will target companies engaged in consumer products, including packaged food, beverage, beauty and personal care, consumer durables and vitamins, minerals and supplements.
Transformational CPG is led by CEO and Director Daryl Brewster, whose career includes top executive roles at Brookside Management, Krispy Kreme, Kraft, Planters and managing director of U.K. operations for Campbell’s.
The SPAC plans to apply for a Nasdaq listing under TCPGU. Read more.
